Bill’s Commentary:
“Central banks are buying gold. Why? Because they “print money” and know its value …or lack of!”
Indian central bank goes on Gold buying spree (fxstreet.com)
The Reserve Bank of India has followed the lead of China and other Eastern central banks and ramped up its accumulation of gold.
According to the latest data released by the RBI, the Indian central bank increased its gold reserves by 24 tons through the first four months of the year. The RBI added 16 tons of gold to its holdings through the entirety of 2023.
The Reserve Bank of India currently holds just over 827 tons of gold in its reserves. India ranks ninth in the world in total gold holdings.
Bill’s Commentary:
“Doesn’t it warm your heart to know that your tax dollars that fund THE biggest military budget on the planet have been pissed down the drain? No worries though cause this is ‘Murica, and nothing bad here can ever happen!”
Russian jamming leaves some high-tech U.S. weapons ineffective in Ukraine
KYIV — Many U.S.-made satellite-guided munitions in Ukraine have failed to withstand Russian jamming technology, prompting Kyiv to stop using certain types of Western-provided armaments after effectiveness rates plummeted, according to senior Ukrainian military officials and confidential internal Ukrainian assessments obtained by The Washington Post.
Russia’s jamming of the guidance systems of modern Western weapons, including Excalibur GPS-guided artillery shells and the High Mobility Artillery Rocket System, or HIMARS, which can fire some U.S.-made rockets with a range of up to 50 miles, has eroded Ukraine’s ability to defend its territory and has left officials in Kyiv urgently seeking help from the Pentagon to obtain upgrades from arms manufacturers.
Bill’s Commentary:
“I have not seen any news at all on lamestream media regarding a Cuban banking crisis, have you? Rest assured, this is coming to a theatre near you!”
As Cuba takes leap towards ‘cashless’ economy, entrepreneurs brace for impact
HAVANA, Aug 21 (Reuters) – When Cuba in early August announced it was taking a major step towards electronic banking and a “cashless” society, the offices of fledgling small businesses across the communist-run country were left scrambling to figure out how to respond.
Most alarming to many budding entrepreneurs was a new 5,000 peso ($20) daily cap on cash withdrawals for businesses, one of several measures the government said were aimed at forcing Cubans to do their transactions electronically, via transfer, online payment and bank cards.
“Can someone verify this?”
Bill’s Commentary:
“Just in time for the election?”
Why Vaccine Stocks Rallied This Week
Shares of vaccine stocks Moderna (NASDAQ: MRNA), Novavax (NASDAQ: NVAX), and BioNTech SE (NASDAQ: BNTX) rallied this week, appreciating 23.4%, 16.4%, and 9.3%, respectively, through Thursday trading, according to data from S&P Global Market Intelligence.
While these three stocks gained notoriety back in 2020 during the COVID-19 pandemic, it appears this week’s detection of avian bird flu in a second U.S. citizen and the first-ever detection of avian flu in a human in Australia are spurring fears of an outbreak and thus a possible boon for companies that can quickly produce a bird flu vaccine.
Bill’s Commentary:
“If we had a CBDC, this would not be in the news at all. They just would have been shut down and the funds lost …because they are Christian and conservative. End of story!”
Christian legal firm celebrates win as Chase scales back ‘de-banking’ policy
A Christian law firm is applauding a major bank chain for rolling back one of its controversial policies that led to the de-banking of several conservative individuals and nonprofit organizations over the last few years.
JPMorgan Chase, the largest bank in the U.S., rolled back its WePay service that required merchants to refrain from accepting payments or using the service for activities related to “social risk issues,” which the bank defined as anything “subject to allegation and impacts related to hate groups, systemic racism, sexual harassment and corporate culture.”
Bill’s Commentary:
“But the government tells us everything is great? How does a consumer economy survive if the consumer is dead?”
Nearly 80% of Americans now consider fast food a ‘luxury’ due to high prices
Half of those polled said they view fast food as a luxury because they’re struggling financially. This is especially true among Americans who make less than $30,000 a year (71%), parents with young children (58%), and Gen Zers (58%).
Americans love their fast food, but a majority say they are pulling back on their consumption due to high prices. The findings show 3 out of 4 Americans typically eat fast food once a week, but 62% of respondents said they are eating it less frequently due to the cost.
Bill’s Commentary:
“How do you have a cease fire when the other side desperately wants WWIII to cover up criminal activities in all facets of Western life? As I have said many times before, if you have not read any of Mr. Putin’s speeches from the last 2+ years, you are not only uninformed but “have been” misinformed!”
Putin wants Ukraine ceasefire on current frontlines, sources say
MOSCOW/LONDON (Reuters) -Russian President Vladimir Putin is ready to halt the war in Ukraine with a negotiated ceasefire that recognises the current battlefield lines, four Russian sources told Reuters, saying he is prepared to fight on if Kyiv and the West do not respond.
Three of the sources, familiar with discussions in Putin’s entourage, said the veteran Russian leader had expressed frustration to a small group of advisers about what he views as Western-backed attempts to stymie negotiations and Ukrainian President Volodymyr Zelenskiy’s decision to rule out talks.
“Putin can fight for as long as it takes, but Putin is also ready for a ceasefire – to freeze the war,” said another of the four, a senior Russian source who has worked with Putin and has knowledge of top level conversations in the Kremlin.
Bill’s Commentary:
“I thought this was an Onion headline when I first read it. Didn’t these people already break the law when they entered the country? Why do we need new laws if existing ones are ignored? Ah yes, the Dept of JUST US!”
Dept. of Justice sues Oklahoma over its new law penalizing illegal immigrants
The U.S. Department of Justice sued Oklahoma on Tuesday over a state law that seeks to impose criminal penalties on those living in the state illegally.
The lawsuit in federal court in Oklahoma City challenges an Oklahoma law that makes it a state crime — punishable by up to two years in prison — to live in the state without legal immigration status.
Similar laws passed in Texas and Iowa already are facing challenges from the Justice Department.
Bill’s Commentary:
“The Guardian tells you not to believe your own lyin’ eyes and believe the statistical lies instead. When your neighbor loses his job it’s a recession. When you lose yours it’s a depression!”
Majority of Americans wrongly believe US is in recession – and most blame Biden
Nearly three in five Americans wrongly believe the US is in an economic recession, and the majority blame the Biden administration, according to a Harris poll conducted exclusively for the Guardian. The survey found persistent pessimism about the economy as election day draws closer.
BillHolter.com 
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